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Auto units seek corrective measures to check sluggish growth
Sector reeling from high interest rates, costly fuel and climbing steel costs

No plans to list OVL — ONGC chief
NEW DELHI: With the Union Cabinet having given a formal nod for the takeover of U.K.-based Imperial Energy, Oil and Natural Gas Corporation on Thursday ruled out listing of its overseas subsidiary ONGC Videsh Ltd. (OVL), stating that it had ...

Need to bring down operating cost in banks
RBI releases Report on Currency and Finance 2006-08

Pyramis of Greece makes India foray
NEW DELHI: Leading international kitchenware solutions brand Pyramis S.A. of Greece on Thursday announced its foray into the Indian market and has established Pyramis Marketing India Pvt. Ltd. for its India operations. Announcing this ...

Philips to step up India operations
BERLIN: Consumer products giant Philips would step up its India operations over the next couple of years, while de-prioritising some other sectors, according to Egbert van Acht, Chief Marketing Officer, Royal Philips Electronics. As an ...

External debt up 30.4% at $221.2 b
NEW DELHI: India’s external debt surged by 30.4 per cent to $221.2 billion (Rs. 8,84,516 crore) in 2007-08, mainly owing to the rush by corporates to raise cheaper funds abroad following high interest rates on bank credit back home. ...

Selling pressure on BSE
MUMBAI: The Bombay Stock Exchange came under selling pressure on Thursday with the Sensex shedding over 150 points after gaining over 500 points in a buoyant session on Tuesday, reflecting the uncertainty over the Indo-US nuclear deal. ...

BUSINESS
Small car is here to stay, says Ratan Tata
Rising material cost puts pressure on pricing

Other Stories



Barometer


Briefly
GAIL to focus on city gas network
NEW DELHI: Stating that GAIL (India) will invest Rs. 20,000 crore in the next four years in building new pipelines across the country, company Chairman U. D. Choubey on Thursday announced plans to build ‘CNG corridors’ along the ...

Ranal Engineering to tap emerging markets
BANGALORE: Ranal Enginering Services has announced its plans to tap emerging markets such as China, India, Eastern Europe to fuel its growth. According to a release, the company plans to recruit additional engineers this year to handle new ...

IOB reduces rates on NRE term deposits
CHENNAI: Indian Overseas Bank has made downward revision of interest rates on NRE term deposits. According to a release, the bank is offering 3.21 per cent for one year to less than two years against 3.25 per cent previously for the same ...

VCs pick up 46 p.c. stake in Pressmart
HYDERABAD: Draper Fisher Juvetson (DFJ) and NEA IndoUS Ventures, two venture capital funds, have picked up a stake of 46 per cent in Pressmart Media Ltd. by investing $6 million (Rs. 25 crore), a multi channel digital delivery provider. ...

UTStarcom ties up with Aksh Optifibre
CHENNAI: UTStarcom Inc. has signed a contract with Aksh Optifibre to deploy UTStarcom’s end-to-end RollingStream Internet Protocol TV (IPTV) solution in 20 cities on BSNL’s ADSL 2+ network, a UTStarcom-built multiplay ...

IDS Software enters Nigerian market
BANGALORE: IDS Software, with its global research and development centre in Bangalore, has entered the Nigerian market. In partnership with a local firm, ValuePlus Software, IDS will market software packages mainly for the hospitality sector. ...




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